Production Holds Steady Despite Falling Rig Counts Despite a drop in the U.S. natural gas rig count—down seven last week to just 96—output remains strong. Lower-48 dry gas production averaged 106.4 Bcf/d on Friday, up over 4% from a year ago. This persistent output is meeting softening demand head-on. Industrial and residential usage remains subdued,
Gold price eyes a sustained move above $3,000 early Tuesday amid risk reset. Escalating US-Sino trade tensions, China’s support measures revive the US Dollar downside. Gold price is at a critical juncture above the 50-day SMA support at $2,947 while the RSI strives to turn bullish. Gold price is building on its rebound from one-month
At 10:28 GMT, Light Crude Oil Futures are trading $68.45, down $3.26 or -4.55%. Trump Tariffs Raise Global Demand Concerns The sell-off accelerated after President Trump announced a sweeping 10% minimum tariff on most U.S. imports, escalating fears of a broader trade war. While oil and refined products were excluded from the new duties, traders
Gold price treads water above $3,100 on NFP day after Trump’s tariffs-led volatile Thursday. US recession fears and dovish Fed bets again drag the US Dollar and US Treasury yields lower. China continues to boost its Gold reserves, underpinning the Gold price. Technically, Gold price remains a ‘buy-the-dips’ trade so long as 50-day SMA at
Gold declined sharply after setting a new record high near $3,170. XAU/USD volatility is likely to remain high in the near term. The technical outlook points to a bearish tilt following the latest decline. Gold (XAU/USD) pushed higher with the initial reaction to tariff announcements from the United States (US) on Wednesday and touched a
Gold price unable to break back above $3,100 as market rout continues for a second day. China retaliates and issues 34% tariff on all US goods. Gold pressured by more profit-taking and looking for support to bounce off from. Gold price (XAU/USD) is trying to reclaim $3,100 and is at that level at the time
Gold declined sharply after setting a new record high near $3,170. XAU/USD volatility is likely to remain high in the near term. The technical outlook points to a bearish tilt following the latest decline. Gold (XAU/USD) pushed higher with the initial reaction to tariff announcements from the United States (US) on Wednesday and touched a
Gold price treads water above $3,100 on NFP day after Trump’s tariffs-led volatile Thursday. US Dollar and US Treasury bond yields lick wounds amid recession fears and dovish Fed bets. Gold buyers could jump back as the daily RSI again prods the bullish zone. US Nonfarm Payrolls and Powell’s speech will be closely eyed for
Subscribe To Notifications Scan QR code to install app Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 27,957.97 Pakistani Rupees (PKR) per gram, down compared with the PKR 28,072.70 it cost on Thursday. The price for Gold decreased to PKR 326,096.90 per tola from PKR 327,434.40 per tola a day earlier. Unit measure